Paying for goods with notes and coins could be consigned to history within five years, according to the chief executive of Visa Europe.
Peter Ayliffe said that, by 2012, using credit and debit cards should be cheaper and more convenient than cash.

Some retailers could soon start surcharging customers if they choose to buy products with cash, because of the greater cost of processing these payments, he warned.

Visa Europe briefed the British Retail Consortium last month on new "contactless" cards that can be waved in front of a scanner to make small payments.

However, the consortium dismissed this vision and claimed that card processing fees, which regulators are investigating, are still too high.
One member of the consurtium said that the estimated "interchange" fee charged to retailers amounts to some 4p for each transaction.
Nick Mourant, treasurer at Tesco, said: "There is a duopoly between Mastercard and Visa in the UK. Their setting of fees is anti-competitive."

I hardly ever use cash anymore. Or checks. I probably write 1 check a month and use cash maybe 2 times a week, mostly if I'm buying something small and feel stupid using my card. Other than that, it's my credit card all the time.

I use my debit card for just about everything, somehow got involved with the TMX scandal last month and it was down for about 2 weeks felt naked to the world.

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That's Great!
Now the government and all the retail corporations will know where I've been, what I've bought, and when I do everything!
I'm so happy!
Besides, cash has never been easy to use. You have to carry it, keep track of it, and if you have no money, you can't buy anything. What a hassle!

Paying for goods with notes and coins could be consigned to history within five years, according to the chief executive of Visa Europe.
Peter Ayliffe said that, by 2012, using credit and debit cards should be cheaper and more convenient than cash.

Some retailers could soon start surcharging customers if they choose to buy products with cash, because of the greater cost of processing these payments, he warned.

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Peter Ayliffe is either lying or is a complete moron. Considering he is the chief executive of Visa Europe, methinks he is simply lying.

Retailers prefer you to use cash because it costs less. Anyone remember the old days when gas stations would charge you a certain amount for cash and a different amount - usually 10 cents per gallon more - for credit...? Those fees and surcharges aren't going to magically disappear, despite what Ayliffe wants us to think.

Yea. Let's make it easier for Big Brother to see what we all are doing. I got an idea why don't we put a little chip in the TV so they can watch us at home to. (*#($&$^#%@#*$_$$*^$@%$%@#&$)+) governments & liberals. They want to run us all.

Yea. Let's make it easier for Big Brother to see what we all are doing. I got an idea why don't we put a little chip in the TV so they can watch us at home to. (*#($&$^#%@#*$_$$*^$@%$%@#&$)+) governments & liberals. They want to run us all.

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Is your avatar Coki Beach, St. Thomas?
Completely agree with you, BTW, but you have to add "Corporate CEO's", who are mostly republicans.

Yea. Let's make it easier for Big Brother to see what we all are doing. I got an idea why don't we put a little chip in the TV so they can watch us at home to. (*#($&$^#%@#*$_$$*^$@%$%@#&$)+) governments & liberals. They want to run us all.

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Liberals really like the domestic spying, wiretaps and the rest of the stuff espoused by George and his crew (tongue and cheek).. come on now, thought spying on the US people was a favorite of the Right Wing.

Go back to bed and try not to wake up so cranky this time. Where the censorship scumbag when we need him..? Oh wait, I forgot... insults are perfectly fine - so long as they are directed at conservatives.

You guys really are psychotic loony left types aren't you. Carrying one credit card vs. dealing with going to the bank, having enough money, etc, it's a no brainer to me. No one is spying on my or watching what I buy. Psychos.

You guys really are psychotic loony left types aren't you. Carrying one credit card vs. dealing with going to the bank, having enough money, etc, it's a no brainer to me. No one is spying on my or watching what I buy. Psychos.

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But... but... all the CEO's are eeeeeeeeeeeee-vil Republicans... they are part of the vast right-wing conspiracy... didn't you know..?!?

You guys really are psychotic loony left types aren't you. Carrying one credit card vs. dealing with going to the bank, having enough money, etc, it's a no brainer to me. No one is spying on my or watching what I buy. Psychos.

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The thought of a cashless society gave me the shivers. But then, one possible upside could be making it easier to institute a national sales tax to replace income tax.

Yea. Let's make it easier for Big Brother to see what we all are doing. I got an idea why don't we put a little chip in the TV so they can watch us at home to. (*#($&$^#%@#*$_$$*^$@%$%@#&$)+) governments & liberals. They want to run us all.

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...exactly why I put the thread here. After this the national ID card will be enforced. Next will be the fall of the dollar, and the rise of the Amero. and after that... the mark of the beast (chip).

Yes, it'll be hard on the drug dealers (small time)... but there many more cons than pros.

Peter Ayliffe is either lying or is a complete moron. Considering he is the chief executive of Visa Europe, methinks he is simply lying.

Retailers prefer you to use cash because it costs less. Anyone remember the old days when gas stations would charge you a certain amount for cash and a different amount - usually 10 cents per gallon more - for credit...? Those fees and surcharges aren't going to magically disappear, despite what Ayliffe wants us to think.

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Well vendors pay 2% of the reciept when a customer uses Visa or whatever, so they obviously prefer cash. The guy in question is being totally biased in his speculation. Cash will forever rule the roost. I prefer it. When the bank cahrges me 75 cents to use my check card, why would I for go cash? If credit wasn't as expensive as it is to use, then maybe, but it is far too costly for permanent use.

Liberals really like the domestic spying, wiretaps and the rest of the stuff espoused by George and his crew (tongue and cheek).. come on now, thought spying on the US people was a favorite of the Right Wing.